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Chat Area => General Discussion Area => Topic started by: bob.dent on 25 June 2012, 15:13:07

Title: The cr@p has finally hit the fan!
Post by: bob.dent on 25 June 2012, 15:13:07
Well, it's been on the cards for a long time now but we were officially notified this morning that our company is going into administration. :' ( There is the possibility of some kind of rescue package, but there will most certainly be redundancies so all a bit uncertain how much longer I'm likely to be gainfully employed. :-\ Not a good time to be looking for another job at 58 and too early to retire - not that I could afford to anyway, so bleak times ahead I fear! :(
Title: Re: The cr@p has finally hit the fan!
Post by: henryd on 25 June 2012, 15:16:11
Not good news in this climate but good luck anyway :y
Title: Re: The cr@p has finally hit the fan!
Post by: feeutfo on 25 June 2012, 15:17:32
Sorry to hear this Bob. :(
Title: Re: The cr@p has finally hit the fan!
Post by: waspy on 25 June 2012, 15:18:39
Oh bugger. Sad indeed. It's never good no matter what age you are :( :(
Title: Re: The cr@p has finally hit the fan!
Post by: Olympia5776 on 25 June 2012, 15:22:56
Sorry to hear that Bob.
Being of a similar ( nearly  ;) ) age , I genuinly wish you good luck and hope things work out for you quickly.
Don
Title: Re: The cr@p has finally hit the fan!
Post by: Kevin Wood on 25 June 2012, 15:30:24
Really sorry to hear this, Bob. I hope it doesn't come to that, but, if it does, something else comes along. :y
Title: Re: The cr@p has finally hit the fan!
Post by: albitz on 25 June 2012, 15:40:50
Sorry to hear this Bob.Went through the same 4 years ago. Its very stressful but hopefully you will find something. :y
Title: Re: The cr@p has finally hit the fan!
Post by: paul.lovejoy on 25 June 2012, 15:42:32
hope it gets sorted in your favour bob wish you all the best with it not good news on a monday or anyday for that
Title: Re: The cr@p has finally hit the fan!
Post by: PAULCDX on 25 June 2012, 15:46:32
Sorry to hear this Bob  :(

Best wishes to you  :y
Title: Re: The cr@p has finally hit the fan!
Post by: bob.dent on 25 June 2012, 15:54:24
Thanks for the words of encouragement guys. :y Trouble is, I've been with the company for over 34 years and to contemplate the possibility of finding another job now at my age is a bit daunting to say the least. Still, it was only a few months ago I updated my CV so that helps a bit, but the thought of trawling around employment agencies and possible job interviews is a bit unnerving. With a little luck it may not come to that but you have to prepare for the worst.
Title: Re: The cr@p has finally hit the fan!
Post by: Jimbob on 25 June 2012, 16:01:11
Bad news Bob, sorry to hear that :(
Title: Re: The cr@p has finally hit the fan!
Post by: STMO123 on 25 June 2012, 16:06:33
That's crap news Bob, not much else I can say mate.
Title: Re: The cr@p has finally hit the fan!
Post by: albitz on 25 June 2012, 16:59:44
Thanks for the words of encouragement guys. :y Trouble is, I've been with the company for over 34 years and to contemplate the possibility of finding another job now at my age is a bit daunting to say the least. Still, it was only a few months ago I updated my CV so that helps a bit, but the thought of trawling around employment agencies and possible job interviews is a bit unnerving. With a little luck it may not come to that but you have to prepare for the worst.

Similarily,I had been with my employer for 20 years. I found the best place to find out about possible job openings was down the pub. Honestly,I applied for hundreds of jobs,most dont even bother replying, but talking to people down the pub - someone knows someone who might know someone etc.....
Title: Re: The cr@p has finally hit the fan!
Post by: STMO123 on 25 June 2012, 17:06:13
Thanks for the words of encouragement guys. :y Trouble is, I've been with the company for over 34 years and to contemplate the possibility of finding another job now at my age is a bit daunting to say the least. Still, it was only a few months ago I updated my CV so that helps a bit, but the thought of trawling around employment agencies and possible job interviews is a bit unnerving. With a little luck it may not come to that but you have to prepare for the worst.

Similarily,I had been with my employer for 20 years. I found the best place to find out about possible job openings was down the pub. Honestly,I applied for hundreds of jobs,most dont even bother replying, but talking to people down the pub - someone knows someone who might know someone etc.....

Unfortunately, Bob doesn't go into pubs.
Title: Re: The cr@p has finally hit the fan!
Post by: redelitev6 on 25 June 2012, 17:45:42
 :( Sorry mate, sign of the troubled times we live in , hope you get sorted  :y
Title: Re: The cr@p has finally hit the fan!
Post by: albitz on 25 June 2012, 17:57:24
Thanks for the words of encouragement guys. :y Trouble is, I've been with the company for over 34 years and to contemplate the possibility of finding another job now at my age is a bit daunting to say the least. Still, it was only a few months ago I updated my CV so that helps a bit, but the thought of trawling around employment agencies and possible job interviews is a bit unnerving. With a little luck it may not come to that but you have to prepare for the worst.

Similarily,I had been with my employer for 20 years. I found the best place to find out about possible job openings was down the pub. Honestly,I applied for hundreds of jobs,most dont even bother replying, but talking to people down the pub - someone knows someone who might know someone etc.....

Unfortunately, Bob doesn't go into pubs.

Thats true.You have to come out of the pub to be able to go into it. ;D
Title: Re: The cr@p has finally hit the fan!
Post by: Kevin Wood on 25 June 2012, 18:46:18

Unfortunately, Bob doesn't go into pubs.

(https://dl.dropbox.com/u/26795734/Smilies/rofl.gif)

(https://dl.dropbox.com/u/26795734/Smilies/spitstea.gif)
Title: Re: The cr@p has finally hit the fan!
Post by: Rods2 on 25 June 2012, 19:41:46
Sorry to hear the bad news. I hope it all works out and you get to keep your job.  :y
Title: Re: The cr@p has finally hit the fan!
Post by: tunnie on 25 June 2012, 19:46:01
Sorry to hear this Bob :(

What kind of work do you do?
Title: Re: The cr@p has finally hit the fan!
Post by: omegod on 25 June 2012, 20:30:11
Sad news mate, been through it myself and only advice is screw the insolvency service for everything you can i.e no holidays taken , loads of lieu hours owed etc. Plus anything of use in the workplace should be liberated as soon as possible in lieu of a redundancy payment. Good luck with future opportunities!   
Title: Re: The cr@p has finally hit the fan!
Post by: PhilRich on 25 June 2012, 20:50:42
Sorry to hear your job news Bob, I sincerely hope it all turns out well in the end :(
Title: Re: The cr@p has finally hit the fan!
Post by: Vamps on 25 June 2012, 20:51:49
Sorry to hear this Bob, I hope something turns up..... :y :y :y
Title: Re: The cr@p has finally hit the fan!
Post by: Andy B on 25 June 2012, 22:07:51
Bad news indeed Bob.  :( :(
Title: Re: The cr@p has finally hit the fan!
Post by: Kendo1690 on 25 June 2012, 22:22:00
Sorry to hear your bad news,fingers crossed something turns up, :y
Title: Re: The cr@p has finally hit the fan!
Post by: Seth on 26 June 2012, 00:10:44
Happened to me 20 years back and not a nice feeling Bob.

Whatever transpires, Pamela and I wish you the very best of luck at this uncertain time. ;)
Title: Re: The cr@p has finally hit the fan!
Post by: feeutfo on 26 June 2012, 00:18:33
32 years. Presume a fair old redundancy package is in order...? Should the worst happen?
Title: Re: The cr@p has finally hit the fan!
Post by: albitz on 26 June 2012, 00:21:04
In administration - possibly no redundancy and no wages either. Happens all the time.
Then they start up again a few weeks later and carry on as if nothings happened. >:( >:( >:(
Title: Re: The cr@p has finally hit the fan!
Post by: dbug on 26 June 2012, 00:30:11
Similar happened to me a few years back - altho my redundancy was forced and in view of my position in the company it cost them a lot of money.  I had been in plastics manufacturing most of my working life.  I took the view that my "new" job was to find a job - don't lie in bed, get up as normal and the Internet is your friend!!  However I decided on a career change and set up my own IT business (always see if you can make money from hobbies/interests) which I ran successfully for around 6 years until the retail market went tits up and the price for a good spec box dropped to sub £300!!
Now back in plastics processing (should have retired 1 year ago) and still running a multi million business but now on reduced working (3 days/week).  Stay positive Bob and good luck :y
Title: Re: The cr@p has finally hit the fan!
Post by: Sir Tigger KC on 26 June 2012, 00:46:25
Bollix!! Good Luck Bob!! :y
Title: Re: The cr@p has finally hit the fan!
Post by: Seth on 26 June 2012, 00:46:54
In administration - possibly no redundancy and no wages either. Happens all the time.
Then they start up again a few weeks later and carry on as if nothings happened. >:( >:( >:(

IIRC; it'll be the Receivers who actually fork-out redundancy/wages in lieu ..... that's what happened in my case.

Also got 1.5 x my basic weekly wage for each year's service, walked into another similar job straight away, and was obviously very lucky at that time.

And an added bonus was that a enebriated voluptuous young lady boarded my late-night bus soon afterwards ..... and eventually became Mrs Seth!
"Every cloud has a silver lining etc" Again, best of luck Bob :y
Title: Re: The cr@p has finally hit the fan!
Post by: albitz on 26 June 2012, 00:50:09
In administration - possibly no redundancy and no wages either. Happens all the time.
Then they start up again a few weeks later and carry on as if nothings happened. >:( >:( >:(

IIRC; it'll be the Receivers who actually fork-out redundancy/wages in lieu ..... that's what happened in my case.

Also got 1.5 x my basic weekly wage for each year's service, walked into another similar job straight away, and was obviously very lucky at that time.

And an added bonus was that a enebriated voluptuous young lady boarded my late-night bus soon afterwards ..... and eventually became Mrs Seth!
"Every cloud has a silver lining etc" Again, best of luck Bob :y

If your lucky,yes but it often doesnt happen that way unfortunately. :(
Title: Re: The cr@p has finally hit the fan!
Post by: paul.lovejoy on 26 June 2012, 03:22:03
In administration - possibly no redundancy and no wages either. Happens all the time.
Then they start up again a few weeks later and carry on as if nothings happened. >:( >:( >:(

sure that made Bob feel a lot better  :D :D :P ;D ;D

as well as redundancy etc is there not a goverment paid scheme that gaurantees your wages for a length of time in relation to how long you have been on the company unless you find employment

mates just got made redundant coped about 7500 in redundancy but missed out on the goverment payout as he managed to walk straight into another job within a week

good things can happen certainly hope it all works in your favour Bob
Title: Re: The cr@p has finally hit the fan!
Post by: kev2b4 on 26 June 2012, 10:20:37
Had that last year - ( 6th time) - company went into receiver ship- but gov't scheme came into effect - however it has an upper ceiling on the pennies etc. - but went thru surpisingly quickly.
Title: Re: The cr@p has finally hit the fan!
Post by: bob.dent on 26 June 2012, 12:23:09
Sorry to hear this Bob :(

What kind of work do you do?

Manager of accounts and admin department. Although no qualifications in accountancy I kind of got thrown into the job at the deep end around 15 years ago and just built up experience.
Title: Re: The cr@p has finally hit the fan!
Post by: bob.dent on 26 June 2012, 12:31:11
In administration - possibly no redundancy and no wages either. Happens all the time.
Then they start up again a few weeks later and carry on as if nothings happened. >:( >:( >:(

It's actually CVA (contolled voluntary administration) we've gone into and I believe they intend to restart the company again if it's viable but not without losing people. Unlike many company's, they do actually care for their staff and are trying to do everything they can to save jobs where possible. There's a lot going on that I'm not privvy to yet so just got to hope for the best.
Title: Re: The cr@p has finally hit the fan!
Post by: jonathanh on 26 June 2012, 13:11:48
sounds like it is  pre planned or " pre packed".  Probably designed to clean the business of some of its debts (either bank or pension scheme).  If the business is fundamentally sound then the administrators will keep it mostly operating with few job losses.  fingers crossed....
Title: Re: The cr@p has finally hit the fan!
Post by: bob.dent on 26 June 2012, 13:19:31
sounds like it is  pre planned or " pre packed".  Probably designed to clean the business of some of its debts (either bank or pension scheme).  If the business is fundamentally sound then the administrators will keep it mostly operating with few job losses.  fingers crossed....

I agree - I'm aware we had a substantial pension deficit so as you say, I think it could well be designed to clean us of the debt and restart, but with some job losses. Fingers crossed indeed!!
Title: Re: The cr@p has finally hit the fan!
Post by: jonathanh on 26 June 2012, 13:38:21
ah well - watch out for what happens to your pension.  the scheme will end up in the pension protection fund ( probably) which means a cap of about £25,000 on everyones pension and a 10% reduction unless they are over their normal retirement age.

Best is to ask the trustees what they are doing
Title: Re: The cr@p has finally hit the fan!
Post by: tigers_gonads on 26 June 2012, 14:47:09
sounds like it is  pre planned or " pre packed".  Probably designed to clean the business of some of its debts (either bank or pension scheme).  If the business is fundamentally sound then the administrators will keep it mostly operating with few job losses.  fingers crossed....


That makes sense  :(

Good luck bob, hopefully you won't get the shitty end of the stick  ;)
Title: Re: The cr@p has finally hit the fan!
Post by: Gaffers on 26 June 2012, 18:15:05
Sorry to hear this Bob, I hope it all works out in your favour :y
Title: Re: The cr@p has finally hit the fan!
Post by: Elite Pete on 26 June 2012, 18:29:13
Bad news Bob but i'm sure a man of your calibre won't have any problems finding work :y
Title: Re: The cr@p has finally hit the fan!
Post by: TheBoy on 28 June 2012, 19:52:04
Sorry to hear this bob.dent, but you are right to be prepared for all eventualities.